Mr. Mike McKenna reports
TINY ANNOUNCES SECOND EXTENSION OF ISSUER BID
Tiny Ltd. has further extended the expiry date of the company's issuer bid launched on Feb. 5, 2026, whereby the company offered to acquire all of its issued and outstanding 11.00 per cent secured convertible debentures due May 12, 2030, to 5 p.m. Toronto time on June 15, 2026, unless further extended, varied or withdrawn by the company. All other terms of the offer remain unchanged.
Details of the offer, including instructions for tendering the debentures, are provided in the formal offer to purchase and issuer bid circular dated Feb. 5, 2026, as amended pursuant to the first notice of variation dated March 11, 2026, and as the same will be further amended by the second notice of variation dated April 14, 2026. The second notice of variation will be mailed to registered holders of debentures, filed with applicable Canadian Securities Administrations and made available free of charge on SEDAR+.
Further to the company's news release dated March 10, 2026, Tiny is continuing to meet with potential investors, as well as other financing providers, with the objective of improving financial flexibility and simplifying the company's capital structure. Despite market volatility following the launch of the offer, conversations related to the refinancing of the company's existing debt obligations have yielded several viable options, including the previously disclosed private placement offering of fixed rate senior secured callable bonds, bank financing options and other alternatives, and management continues to advance discussions with these parties. The company is further extending the offer to continue to evaluate various options, achieve an optimal outcome for its stakeholders and meet the objectives set out by the board of directors of Tiny. The company will continue to provide updates as necessary and during future quarterly financial results communications.
About Tiny Ltd.
Tiny is a Canadian holding company that acquires wonderful businesses using a founder-friendly approach. It focuses on companies with unique competitive advantages, recurring or predictable revenue streams, and strong free cash flow generation. Tiny typically holds businesses for the long term, with a parent-level focus on capital allocation, collaborative management and operations, and incentive structures within the operating companies to drive results for Tiny and its shareholders.
Tiny currently has three principal reporting segments: digital services, which help some of the world's top companies design, build and ship amazing products and services; software and apps, home to Serato, the world's leading DJ software, and WeCommerce, a collection of leading application and theme businesses powering global e-commerce merchants; and creative platform, which is composed primarily of Dribbble, the social network for designers and digital creatives, as well as Creative Market, a premier on-line marketplace for digital assets such as fonts, graphics and templates.
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